ACI Worldwide (NASDAQ:ACIW) Lowered to Equal Weight at Stephens

ACI Worldwide (NASDAQ:ACIW - Get Free Report) was downgraded by equities research analysts at Stephens from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Friday, MarketBeat.com reports.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group boosted their target price on ACI Worldwide from $40.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. DA Davidson upped their price target on ACI Worldwide from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday. StockNews.com downgraded ACI Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, August 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ACI Worldwide in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.75.

ACI Worldwide Stock Down 2.5 %

NASDAQ ACIW traded down $1.28 on Friday, reaching $50.66. The stock had a trading volume of 613,612 shares, compared to its average volume of 653,547. The business has a 50 day moving average price of $49.45 and a 200 day moving average price of $41.45. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. ACI Worldwide has a 1 year low of $19.56 and a 1 year high of $53.29. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 37.81 and a beta of 1.19.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its earnings results on Thursday, August 1st. The technology company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.24. ACI Worldwide had a return on equity of 19.18% and a net margin of 12.01%. The firm had revenue of $373.48 million for the quarter, compared to the consensus estimate of $349.95 million. On average, analysts forecast that ACI Worldwide will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On ACI Worldwide

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in shares of ACI Worldwide by 123.3% during the 2nd quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company's stock worth $45,000 after purchasing an additional 624 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ACI Worldwide by 49.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company's stock worth $52,000 after purchasing an additional 431 shares during the last quarter. CWM LLC lifted its position in shares of ACI Worldwide by 638.5% during the 2nd quarter. CWM LLC now owns 1,322 shares of the technology company's stock worth $52,000 after purchasing an additional 1,143 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of ACI Worldwide during the 3rd quarter worth about $112,000. Finally, USA Financial Formulas acquired a new position in shares of ACI Worldwide during the 3rd quarter worth about $114,000. Institutional investors and hedge funds own 94.74% of the company's stock.

ACI Worldwide Company Profile

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.